NASDAQ$FIP

FTAI Infrastructure LLC · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported financial results for the first quarter of 2023.

FTAI Infrastructure Inc. reported a net loss attributable to stockholders of $40.589 million, a basic loss per share of $0.39, and an adjusted EBITDA of $21.896 million for the first quarter of 2023. The company declared a cash dividend of $0.03 per share of common stock.

  • Transtar's Adjusted EBITDA increased to $17.2 million, driven by growth in carload volumes and average rate per carload.
  • Jefferson Terminal commenced service under the Exxon marine contract.
  • Repauno experienced an Adjusted EBITDA loss of $4.9 million due to costs incurred to prepare for a new multi-year tolling contract.
  • Long Ridge returned to normal operations in early January following a power plant outage in the fourth quarter of 2022.

Headline financials

Total Revenue

$76.5M

Previous: $46.1M+65.8%
EPS (adj)

-$0.40

Previous: -$0.43+7.0%
Adjusted EBITDA

$21.9M

No prior period
Core Adjusted EBITDA

$30.1M

No prior period
Capital Expenditures

-$39.9M

Previous: $51.7M-177.1%
Free Cash Flow

-$75.8M

Previous: -$65.9M-15.0%
Net Income

-$35.9M

Previous: -$50.3M+28.6%
Operating Income

-$94.4M

No prior period
Gross Profit

-$4.3M

Previous: -$13.1M+67.1%
Cash & Equivalents

$40M

Previous: $280M-85.7%
Total Assets

$2.45B

No prior period

Revenue & EPS history

FTAI Infrastructure · Revenue · Quarterly

$76.5M

Q1 2023+65.8%vs Q1 2022
Beat estimate in 2 of 12 quarters(17%)
ActualEstimate

Forward guidance

No forward guidance was given in the provided text.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 16 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-0.2%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+2.3%

Avg return

30 days after

55%

11 / 20 earnings

Positive

+16.1%

Q4 2023

Best reaction

-9.9%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.1%-13.1%-18.9%
Q4 2025-9.9%-9.0%-24.8%
Q3 2025+4.5%+0.8%-16.2%
Q1 2025-1.3%+13.3%+38.2%
Q4 2024+2.6%-10.0%-17.8%
Q3 2024-6.6%-3.6%+0.1%
Q2 2024-7.0%-9.7%-0.9%
Q1 2024+3.0%+5.5%+6.0%
Q4 2023+16.1%+12.4%+44.7%
Q3 2023-3.2%-3.5%+15.8%
Q2 2023+1.2%+1.5%-2.6%
Q1 2023+2.3%+0.6%+11.4%
Q4 2022-4.2%-6.0%-5.4%
Q4 2020+1.0%+5.2%+1.0%
Q3 2021-3.3%-4.0%+15.3%
Q3 2022+0.0%-3.3%+7.3%
Q2 2022+1.2%+10.4%-1.6%
Q4 2021+1.2%+10.4%-1.6%
Q1 2022+1.2%+10.4%-1.6%
Q2 2021+1.2%+10.4%-1.6%
Q1 2021

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